Germany's sleeping giants Gladbach have €50m to spend this summer - report

Borussia Monchengladbach are said to have a big transfer kitty for this summer - and Arsenal and Newcastle United targets are being lined up.

Borussia Monchengladbach are perhaps one of German football’s sleeping giants. In the 1970’s they dominated the Bundesliga - winning all five of their league titles between 1970 and 1977.

In that period of time they also finished as runners up in the European Cup and won the UEFA Cup on two separate occasions. It is fair to say they were the one of Europe’s giants at the time.

But since winning the UEFA Cup in 1979 they have only won one major trophy since - the 1995 DFB-Pokal - whilst a 2008 2.Bundesliga title will not be considered a major success.

Now they want to come back.

This season they are chasing Champions League football - and this weekend can take a big step towards qualification with a win against Mainz.

They beat Schalke 04 at the Veltins Arena on Sunday and are now just three points behind Bayer Leverkusen in fourth - with VfL Wolfsburg wedged in between.

They have already begun planning for next season. FC Basel keeper Yann Sommer will sign to replace the departing Marc Andre ter Stegen, Andre Hahn is arriving from Bundesliga rivals FC Augsburg, Ibrahima Traore has signed from VfB Stuttgart and Fabian Johnson of Hoffenheim will also arrive.

They have also signed a massive sponsorship deal with Postbank - which is set to give them a reported transfer kitty of €50 million this summer.

Now they are hoping a potential Champions League lure can see them move in for some of their top targets - of whom Bild believe a few Premier League targets feature.

Bild report that FC Nurnberg striker Josip Drmic and Montpellier midfielder Remy Cabella  are both on their list.

Drmic is of course the free scoring Swiss international Arsenal are said to have watched very closely this year. The Gunners were also once credited with an interest with French attacker Cabella, although Newcastle United’s interest is more contemporary.

Much depends on them finishing in the top four - and if they do expect them to splash their new found wealth on these players and more - as they look to recapture their glory days.

Arsenal and Newcastle United have just found themselves a potentially new, and unlikely, transfer rival.

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